Bought with Alexis C Matos • Realty ONE Group Focus
$200,000
$209,900
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2,704 SqFt
SOLD DATE : 12/16/2025
Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,704 sqft
Price per Sqft $73
Subdivision Frankford
MLS Listing ID PAPH2532816
Sold Date 12/16/25
Style Other
Abv Grd Liv Area 2,704
Year Built 1920
Annual Tax Amount $4,199
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Welcome to 5020 Griscom Street – A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageable—estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machine—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA3
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating None
Cooling None
Flooring Wood
Heat Source None
Exterior
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage City/County
Garage N
Building
Foundation Other
Above Ground Finished SqFt 2704
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
Structure Type Unfinished Walls
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881222360
Ownership Fee Simple
SqFt Source 2704
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
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